Vietnam calls on APEC economies to overcome differences to promote growth

VOV.VN - Vietnamese State President Nguyen Xuan Phuc has called on all APEC member economies to join hands to overcome challenges for a better future of the community amid unpredicted developments regionally and globally.

Addressing the opening ceremony of the 29th APEC Economic Leaders’ Meeting in Bangkok, Thailand, on November 18, Phuc noted the world in general and APEC in particular are facing unprecedented challenges, so consensus on action is of paramount importance to APEC as well as many generations in future.

According to the president, a peaceful, stable, cooperative, prosperous and sustainable Asia-Pacific is a common and responsibility that requires cooperation of all APEC economies regardless of their economic development levels.

APEC member economies need to overcome differences, strengthen dialogue, and coordinate actions for the common goal of the community, and to promote its gains and values it had recorded over the past three decades for future cooperation and development, he said.

Speaking at a session on sustainable, inclusive and balanced growth, Phuc said that the Asia-Pacific region has entered a new stage of development, and APEC needs to take the lead in promoting a balanced, inclusive and sustainable growth model, and support economies in successfully implementing green transition and digital transformation.

He emphasized a number of ‘balanced’ factors in cooperation, stressing it is necessary to place people at the center to strike a balance in each economy, between sectors, and between social classes, as well as creating a balance of interests and responsibilities among economies and regions.

He underscored the need to strike a balance between ensuring the autonomy and resilience of each economy and actively integrating and connecting economies in order to make full use of internal resources, promote comparative advantages, and increase resources to create spillover development among regions.

In his opinion, the process of digital transformation and green transformation must be carried out in such a way to achieve high economic efficiency but minimize impacts on social security, while maintaining energy security, food security and cyber security.

The President welcomed new initiatives put forward by APEC member economies to provide financial support for development, clean energy transformation, climate change adaptation, digital economy development. Only when APEC economies jointly open up opportunities for balanced and open access to capital and clean and modern technology, can they cooperate successfully, he stressed.

The President also shared Vietnam’s policy on national digital transformation, developing a green economy, a circular economy with people placed at the centre, and affirmed Vietnam is making efforts to implement COP26 commitments and hopes to receive support from the international community and other APEC members toward the goal.

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State President attends APEC summit opening ceremony
State President attends APEC summit opening ceremony

VOV.VN - State President Nguyen Xuan Phuc on November 18 morning joined other heads of state and governments of all 21 economies of the Asia-Pacific Economic Cooperation (APEC) forum at the opening ceremony of the 29th APEC Economic Leaders’ Meeting in Bangkok, Thailand.

State President attends APEC summit opening ceremony

State President attends APEC summit opening ceremony

VOV.VN - State President Nguyen Xuan Phuc on November 18 morning joined other heads of state and governments of all 21 economies of the Asia-Pacific Economic Cooperation (APEC) forum at the opening ceremony of the 29th APEC Economic Leaders’ Meeting in Bangkok, Thailand.